Building your business case for wellbeing

No matter how big or small your organisation sometimes we need the hard evidence to show that a wellbeing initiative within your organisation is the way forward. Once you have built your case for support we can help you to design, deliver and monitor the precise strategy that complements your corporate values and and brings about tangible financial benefits for your organisation.

Employee turnover? 1

• National average - 18%
• Average annual cost per person who leaves - £7,750

Potential cost to an organisation of 2,000 employees where 360 people (18%)
leave per year = £2.8M

Sickness absence?

• National average of working days lost per person per year - 8.4
• Average cost per employee off sick per day - £78
• Total average cost per employee - £78 x 8.4 = £655

Potential cost to an organisation of 2000 employees = £1.3M

Performance improvement?

• If people are performing averagely, in other words just being present, a 10% performance improvement is worth 10-15% of salary 2
• UK average salary £25K
• Even working with a conservative estimate that every 10% increase in performance is worth 5% of salary this equates to £1,250 per employee

Potential financial gain to an organisation of 2000 employees is £2.5M

(If 10% improvement in performance sounds unachievable to you, scale down these figures by half or even a third and the potential financial gain remains attractive).

1 CIPD Annual Report Survey, Recruitment, Retention and Turnover, 2007
2 Schmidt & Hunter, (1982)